Wrapped Beacon ETH (WBETH)
CryptoScore Pro global score : 76/100 (computed on 2026-10-28)
Wrapped Beacon ETH (WBETH) is a liquid staking derivative token designed to provide Ethereum users with immediate access to staked ETH while maintaining exposure to its underlying value and staking rewards. Deployed on Ethereum’s mainnet as a proxy contract on April 19, 2023, WBETH bridges the gap between the 90-day staking lockup period required for native ETH staking and the demand for liquidity in decentralized finance (DeFi). Unlike traditional staking solutions, WBETH enables holders to deploy their staked ETH as collateral in lending protocols, yield farming strategies, or other DeFi applications without sacrificing long-term staking rewards. Its alignment with Ethereum’s Proof-of-Stake (PoS) transition underscores its role as a critical tool for scaling participation in the ecosystem, particularly for retail users who lack the 32 ETH minimum required for direct staking. With a genesis date of April 26, 2023, and a market presence tied to Binance’s infrastructure, WBETH operates as a trustless, permissionless asset—though its centralized origins raise questions about long-term decentralization efforts. Technologically, WBETH functions as a wrapped token backed 1:1 by staked…
Scores by pillar
| Technology | 70/100 |
|---|---|
| Tokenomics | 90/100 |
| Team | 59/100 |
| Adoption | 71/100 |
| Liquidity | 60/100 |
| Compliance | 77/100 |
Market data
| Price | $2,623.91 |
|---|---|
| Market cap | $9.10B |
| 24h volume | $4.09M |
| Market cap rank | #20 |
| 24h change | +0.85% |
| 7d change | -5.01% |
| Blockchain | Ethereum |
| Sector | DeFi |
Analysis
WBETH stands out due to its nature as a liquid staking token, allowing the use of locked ETH. This proxy contract on Ethereum guarantees a one-to-one ratio with ETH staked via the Lido Beacon Chain. The token serves as collateral in lending protocols or yield farming, meaning the generation of yield.